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Q2 Earnings On Track To Reach Record Highs: ETFs To Tap

Q2 Earnings On Track To Reach Record Highs: ETFs To Tap

Image Source: PixabaySecond-quarter earnings for the S&P 500 are expected to reach a two-year high. According to the Earnings Trends report, the picture emerging from the second-quarter earnings season continues to be one of steady improvement and resilience, with a favorable revision trend.       Total S&P 500 earnings are expected to be up 8.5% from the year-ago […]
Rates Spark: Trump Assassination Attempt Contributes To Steeper Curves

Rates Spark: Trump Assassination Attempt Contributes To Steeper Curves

Image Source: PixabayThe UST curve steepened on the back of Trump’s assassination attempt, which was deemed likely to increase his chances of a win. The rate-cutting narrative for the European Central Bank has been building less than for the Fed, leading to the tightest 2Y USD-EUR spread since January. Trump another cause for steeper curves  Markets see […]
Mt. Gox wallet makes small Bitcoin move, Bitcoin declines slightly

Mt. Gox wallet makes small Bitcoin move, Bitcoin declines slightly

Key Takeaways A Mt. Gox wallet sent a small amount of Bitcoin to an unknown address on Tuesday. The wallet still holds over $8.8 billion in Bitcoin. A wallet linked to the defunct exchange Mt. Gox transferred 0.021 Bitcoin (BTC), worth around $1,300, to an unidentified address earlier today, according to data from Arkham Intelligence. […]
Metal Markets Report For Monday, July 15

Metal Markets Report For Monday, July 15

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:09:23More By This Author:SPDR ETF Report For Monday, July 15Financial Markets Report For Monday, July 15Metal Markets Report For Friday, July 12
EUR/USD Holds Below 1.0900 On Firmer US Dollar, US Retail Sales Eyed

EUR/USD Holds Below 1.0900 On Firmer US Dollar, US Retail Sales Eyed

Image Source: Pixabay EUR/USD weakens near 1.0890 in Tuesday’s Asian session.  Fed’s Powell said the central bank will not wait until inflation hits the 2% target to cut interest rates. The ECB is expected to hold the key interest rate unchanged at its July meeting on Thursday.  The EUR/USD pair trades on a weaker note around 1.0890 […]
SPDR ETF Report For Monday, July 15

SPDR ETF Report For Monday, July 15

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Monday, July 15.Video Length: 00:14:08More By This Author:Financial Markets Report For Monday, July 15Metal Markets Report For Friday, July 12SPDR ETF Report For Friday, July 12
Gold Price Sticks To Intraday Gains, Bulls Seem Non-Committed Amid Risk-On/USD Uptick

Gold Price Sticks To Intraday Gains, Bulls Seem Non-Committed Amid Risk-On/USD Uptick

Image Source: Pixabay Gold price remains close to a nearly two-month top set on Monday amid rising Fed rate cut bets. The markets are now pricing in a greater chance for the start of the rate-cutting cycle in September.  The risk-on mood, along with a modest US Dollar strength, might cap the upside for the XAU/USD.  […]
Elliott Wave Technical Analysis: VeChian Crypto Price News For Tuesday, July 16

Elliott Wave Technical Analysis: VeChian Crypto Price News For Tuesday, July 16

Image Source: UpsplashElliott Wave Analysis TradingLounge Daily ChartVeChian / U.S. dollar(VETUSD)VETUSD Elliott Wave Technical AnalysisFunction: Counter trendMode: CorrectiveStructure: Double CorrectivePosition: Wave ((Y))Direction Next higher Degrees: wave II of ImpulseWave Cancel invalid Level: 0.2100Details: Wave II May is complete and the price increases again in Wave III.VeChian / U.S. dollar(VETUSD)Trading Strategy: Overall, VeChain looks like the correction in Wave […]
Dow Closes At New High As Q2 Earnings Season Heats Up

Dow Closes At New High As Q2 Earnings Season Heats Up

Image Source: PixabayIt’s a great start to the trading week. After months of trailing its major-index brethren, the Dow Jones reaches today’s closing bell at a new record high: 40,211. It finishes +210 points, or +0.53%, but this was well off the +342-point high right around high noon today. The S&P 500 notched yet another all-time […]
Australian Dollar Extends Losses As China GDP Growth Decelerates

Australian Dollar Extends Losses As China GDP Growth Decelerates

Image Source: Unsplash The Australian Dollar remains weaker due to due to China’s concerns. Standard Chartered expects PBoC to implement rate and RRR cuts as China’s GDP growth decelerated in Q2. CME Group’s FedWatch Tool indicates an 85.7% probability of a 25-basis point cut in September, up from 71.0% a week earlier. The Australian Dollar (AUD) continues […]